We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.
We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.
The 45th part of the Blockstars Web3 Weekly podcast is concerning the Central Bank Digital Currencies (CBDCs), investigating the influence they may have, advantages, and disadvantages. This discussion is focused on the mechanics of CBDCs and their role in the future of digital finance and ethical dilemmas of government controlled digital currencies.
CBDCs’ overview, describing them as electronic currencies created and managed by central banks.
The argument concerning the ownership and control of CBDCs.
Advantages of CBDCs, including fast and easy transactions and possible enhancements in the system of cross-border payments and financial inclusion.
Worries over privacy, surveillance, and the possibility of government excess in a CBDC-driven financial system.
Comparison of CBDCs and other types of cash, vs physical cash and digital bank transactions.
The discussion on the fitting of CBDCs in current financial systems and the possible elimination of conventional banking jobs.
Audience participation through questions and views on the execution and consequences of CBDCs.
What are the changes in the existing financial system that CBDCs would bring about and what would be the implications for traditional banks?
How can CBDCs strengthen or weaken individual privacy and financial independence?
Is CBDC coming to Australia?
Which country already has CBDC? Is CBDC a threat?
Should I be worried about CBDC? What are the downsides of CBDC?
Who would benefit from CBDC? What are CBDCs backed by?
What is the balancing act that governments should maintain between the necessity of a regulatory oversight and prevention of financial crimes and the need to protect individual freedoms via a CBDC system?
What are the possible implications of CBDCs for on the world trade and international financial transactions?
How would a CBDC work? Can CBDC be traced?
What policy measures can be taken to ensure that the introduction of CBDCs does not deepen inequalities in and between economies?
The 45th edition of Blockstars Web3 Weekly discusses CBDCs, addressing them on the upcoming revolution in the financial field, however, also calling attention to the questions about privacy, control and the role of the central banks themselves. The discussion highlights the necessity of the integrated course in CBDC issues, embracing both technological capabilities and social aspects of these newly coming digital instruments.
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Hope you guys Enjoy this light hearted episode! Tell us what else you would like us to cover on Blockstars Web3 Weekly.
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